Dr. Patrick Patel CFA, CPA, MBA, PHD, CFP

CIO Ben Burban Capital Management LP

[Wall St Engine @wallstengine]

SPACEX FILES FOR NASDAQ IPO UNDER $SPCX

The filing gives the first full public look at the combined SpaceX, Starlink, X and xAI company.

2025 revenue: $18.67B, up 30%

2025 net loss: $4.94B, vs. $791M profit in 2024

2025 capex: $20.7B, with $12.7B directed toward AI

Q1 revenue: $4.694B

Q1 loss from operations: $1.943B

Q1 segment revenue:

Space: $619M

Connectivity: $3.257B

AI: $818M

Operating metrics disclosed:

~650 total launches

85%+ missions flown with reused boosters

80%+ of 2025 global mass to orbit

9,600+ Starlink satellites

~10.3M Starlink subscribers

164 countries

1GW+ AI compute nameplate draw

~350M daily posts

~550M monthly active users

Governance:

Elon Musk has 85.1% combined voting power

Musk owns 12.3% of Class A shares and 93.6% of Class B shares

After IPO, Musk will be CEO, CTO and chairman

SpaceX will be a “controlled company,” meaning it does not need a majority-independent board

Musk can control matters requiring shareholder approval and can elect, remove or fill Class B director vacancies

SpaceX does not expect to pay Class A dividends in the foreseeable future

Lead underwriters:

Goldman Sachs, Morgan Stanley, BofA, Citi and JPMorgan

[Dr. Patrick Patel CFA, CPA, MBA, PHD, CFP @BurbanBen]

@dividenddude AZO

[SmartStake @smartstakeapp]

+ EV BETTING WITH ALEX https://t.co/VMZNay5s29

[Dr. Patrick Patel CFA, CPA, MBA, PHD, CFP @BurbanBen]

Elon Musk is now worth $500 billion dollars

He could literally give everyone in the world a million dollars and still have $494 billion left

The greed is incredible

[Dr. Patrick Patel CFA, CPA, MBA, PHD, CFP @BurbanBen]

@DividendDude_X Source pls. How is Waymo valued the same as cloud division

[Dr. Patrick Patel CFA, CPA, MBA, PHD, CFP @BurbanBen]

@DividendDude_X Do you believe in blockchain technology?

[Dr. Patrick Patel CFA, CPA, MBA, PHD, CFP @BurbanBen]

Took a dump on the toilet while the clock struck 12

Same shit, new year

[*Walter Bloomberg @DeItaone]

OPENAI MAKES CHATGPT AVAILABLE FOR PHONE CALLS AND TEXTS: CNBC

[Evan @StockMKTNewz]

@YahooFinance Jerome Powell said things on the FOMC press conference like:

- IT MIGHT TAKE ANOTHER YEAR OR TWO FROM HERE TO GET TO 2%, SLOWER PACE OF RATE CUTS REFLECTS EXPECTATION OF HIGHER INFLATION

- CUTTING RATES TODAY WAS A CLOSE CALL BUT HE THINKS IT WAS THE RIGHT CALL

[Dr. Patrick Patel CFA, CPA, MBA, PHD, CFP @BurbanBen]

🦅

[unusual_whales @unusual_whales]

BREAKING: California Governor Gavin Newsom has declared a State of Emergency in response to bird flu.

[Evan @StockMKTNewz]

The Fed expects rates to stay higher with the median estimate from all the FOMC members now saying rates will

- End 2025 at 3.75%-4% up from prior median estimates of between 3.25%-3.5%
- End 2026 at 3.25%-3.50% up from prior median estimates of between 2.75%-3%
- End 2027 at 3%-3.25% up from prior median estimates of between 2.75%-3%

[Dr. Patrick Patel CFA, CPA, MBA, PHD, CFP @BurbanBen]

Now at 1.44. Thanks to daddy Powell

[GURGAVIN @gurgavin]

THIS IS GETTING CRAZY NOW

[Dr. Patrick Patel CFA, CPA, MBA, PHD, CFP @BurbanBen]

All in one day. Thanks daddy Powell

[Wall St Engine @wallstengine]

THE RUSSELL 2000 $IWM HAS NOW ERASED ITS ENTIRE POST-ELECTION GAIN!

[Dr. Patrick Patel CFA, CPA, MBA, PHD, CFP @BurbanBen]

Elon musk and I combined are worth 351.2 billion.

[Nic Cruz Patane @niccruzpatane]

As of today, Elon Musk is worth $351.2 Billion.

[Dr. Patrick Patel CFA, CPA, MBA, PHD, CFP @BurbanBen]

This is sort of scary. But no fear, Dr Patrick Patel MBA, CFP, BBA, BA, BS, PHD, CFA, CPA is here to save the day.

[Dr. Patrick Patel CFA, CPA, MBA, PHD, CFP @BurbanBen]

Boys. We got him.

[unusual_whales @unusual_whales]

BREAKING: The suspect arrested in Pennsylvania in the United Healthcare CEO has a handwritten manifesto that criticized health care companies for putting profits above care, per NYT

[Dr. Patrick Patel CFA, CPA, MBA, PHD, CFP @BurbanBen]

For those located in Syria or west of Homs

[unusual_whales @unusual_whales]

JUST IN: The plane reportedly carrying Syrian President Bashar al-Assad has either crashed or carried out an Emergency Landing to the West of Homs, per OSINTDefender

[Dr. Patrick Patel CFA, CPA, MBA, PHD, CFP @BurbanBen]

Thanks dad for the advice.

[Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA]

Dating advice from Dr. Parik Patel

Always smell nice

The first hole you penetrate is her nostril

[Dr. Patrick Patel CFA, CPA, MBA, PHD, CFP @BurbanBen]

Monopoly money. Noted.

[unusual_whales @unusual_whales]

BREAKING: The backpack that the suspected United Healthcare shooter left in New York Central Park was full of Monopoly money, per Reuters.

[Dr. Patrick Patel CFA, CPA, MBA, PHD, CFP @BurbanBen]

Women

[hk$ @1highklass]

Women deal with periods, pregnancy, menopause... and wtf do men have to deal with ???